Revonergy Inc.
OTC Bulletin Board : RNRG

Revonergy Inc.

June 27, 2011 08:45 ET

Revonergy to Begin Exploration Program on Perth Property

Revonergy to Begin a Multi Phase Exploration Program on Its Perth Property in Chile

LONDON, UNITED KINGDOM--(Marketwire - June 27, 2011) - Revonergy Inc. ("Revonergy" or the "Company"), (OTCBB:RNRG) today is providing a brief update on the Perth Gold project in Chile (the "Perth Property").

Revonergy's consultants Fladgate Exploration has finalized and presented to management a multi phase exploration program for the Perth Property. Geologists have visited the Perth property twice since the joint venture agreement (the "JV Agreement") with Red Metal Resources (OTCBB:RMES) ("RMES") was announced March 21, 2011.

First phase of exploration includes an initial exploration program with surface mapping and sampling to identify all structures on the property, specifically focusing on the northern half of the property where no mapping has been completed to date. Mapping should be followed by a combined magnetic and electromagnetic (EM) geophysical survey to further define structures at depth.

A second phase of exploration includes an exploratory drill program of approximately 5,000 metres of RC drilling and an initial 3D model of all structures developed with drilling results.

A third phase of exploration is recommended to include both RC and diamond drilling. Diamond drilling will be necessary at this stage to interpret structure and help to define a geological model for the purposes of 3D modeling and possible initial inferred resource estimation.

Revonergy previously announced the construction of a 12 kilometer road that will lead to the center of the Perth Property. The road will support movement of equipment, materials and personnel to the Perth Property as the recommended work phase is undertaken.

"There has been rapid progress on this property since we signed the JV agreement a few months ago." said Ravi Daswani, President and CEO of Revonergy Inc., "We are seeing a strong interest from investors as safe haven demand for this precious metal grows amidst the current global turmoil."

The Perth Property

The Perth Property consists of six exploitation claims totaling 918 hectares (2,268 acres) and six exploration claims totaling 1,365 hectares (3,373 acres). The Perth Property is adjacent to the west side of the historic Carrizal Alto mine and lies approximately 3.5 kilometers north of Red Metal's Farellon project.

The Perth Property overlies the contact between Paleozoic metamorphic sediments and a Cretaceous tonalitic batholith. A swarm of north northeast trending fault related copper gold bearing quartz veins crosscuts the property. Surface mapping and sampling records show twelve veins identified so far on the south end of the property. The veins average two metres wide but have been measured up to six metres wide. Numerous artisanal mine workings on the property have previously been exploited for both copper and gold. Exploration work so far includes property scale geological mapping and surface sampling completed in 2007 and 2008.

Significant channel sampling results were listed in the Company's March 21, 2011 release and showed the existence of gold, copper and cobalt.

The Perth Property geology closely resembles Red Metal's Farellon project and, in management's opinion, has the potential to host a large-scale, bulk-mineable gold deposit.

About Fladgate Exploration

Fladgate Exploration Consulting Corporation is a full service mineral exploration consulting group. Their staff is comprised of professional geologists, geotechnicians and office staff, each bringing their own unique skill set to the team. Staff experience ranges from grass roots to mine site exploration and mineral deposit expansion. Professional backgrounds include gold, diamond, Cu-Ni-PGE and base metal exploration, oil and gas exploration, 3D modeling and resource estimations. They manage all aspects of mineral exploration programs from data compilation and project design through all levels of implementation and management.

Additional information can be found at:

About Red Metal Resources Ltd

Red Metal Resources is a mineral exploration company focused on aggressive growth through acquiring, exploring and developing copper-gold assets in Chile. Our projects are located in the prolific Candelaria iron oxide copper-gold (IOCG) belt of Chile's coastal Cordillera, host to Freeport-McMoRan's Candelaria Mine and Anglo American's Mantoverde Mine. Red Metal is a fully reporting US public company quoted on the OTCBB under the symbol RMES.

Additional information can be found at:

About Revonergy Inc.

Revonergy Inc. is engaged in the energy and mining businesses. The Company is pursuing renewable energy acquisition projects in the U.S. and mineral exploration projects with development opportunities in under-explored frontier territories. Revonergy is a fully reporting US public company quoted on the OTCBB under the symbol RNRG.

Additional information can be found at:

IMPORTANT DISCLAIMER: This news release may contain "forward-looking" statements. These forward-looking statements are only predictions and are subject to certain risks, uncertainties and assumptions. Actual results may differ materially from the forward-looking statements in this press release. Additional risks and uncertainties are identified and described in the Company's SEC reports. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company does not undertake, and the Company specifically disclaims, any obligation to update any forward-looking statements to reflect occurrences, developments, events, or circumstances after the date of such statement.

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